zombie economy n.— «Yuen Pau Woo was the economist responsible for Japan in Singapore’s central bank when the Japanese bubble—helped by a run-up in real estate prices that made Park Ave. co-ops look affordable—caused the world’s second...
Southwest effect n.— Note: Named for Southwest Airlines. «What isn’t known is how much demand for travel will disappear this fall if fares are higher and the economy weakens further. When discounters enter markets and force all airlines...
have-yacht n.— «Yacht is seen as another luxury after big houses and big-brand cars, with new words even coined for the City of London—the “have-yacht” and “have-nots.”» —“ Yacht sales to mirror UK...
mag-stripe n.— «In theory, overseas merchants are required to accept US cards (which are called “mag-stripe,” for the magnetic stripe that identifies each card).» —“HomeATM’s “PIN my Card” Solves Chip and PIN...
walk on a bank n.— «More likely than the kind of exodus of depositors that quickly sank IndyMac is what some bankers call a slow-motion “walk on the bank” which could cripple financial institutions already weakened by credit...
resource curse n.— «Although economic growth is a key ingredient to poverty reduction, some academics have formulated the “resource curse” theory, which, broadly stated, includes the proposition that an economy blessed with...